He was the son of Raymond Sackler, one the brothers who bought drug company Purdue Frederick in 1952, and served as an executive and board member for the company that was later renamed Purdue Pharma. These places are the best in America for educating students at all levels. The company is seeking bankruptcy protection as part of an effort to settle nearly 3,000 lawsuits brought against it by state and local governments that blame the company for sparking the opioid crisis that has killed more than 400,000 Americans since 2000. He was 65 and the cause of death was cancer. As a result, Kokino, LLC and Mr. Averick may be deemed to share voting and dispositive power with respect to all of the shares reported.”.

Jonathan Sackler is a former Director and Senior Vice President, and current co-owner, of Purdue Pharma. A Sackler family investment vehicle is the top beneficial owner of a publicly-traded company that is under criticism for accepting a $10 million loan intended to help small businesses struggling to stay afloat during the current pandemic and economic crisis.
He was the son of Raymond Sackler, one the brothers who bought drug company Purdue Frederick in 1952, and served as an executive and board member for the company that was later renamed Purdue Pharma. STAMFORD, Conn. -- Jonathan Sackler, one of the owners of OxyContin maker Purdue Pharma, has died, the company confirmed. Maine’s Democratic Senate president believes the state needs to do more to combat the spread of misinformation on the Internet. A February 23, 2020 Stamford Advocate article referred to Kokino LLC as “the family office of Purdue co-owner Jonathan Sackler,” while a February 19, 2020 Wall Street Journal article described Kokino LLC as “a private Sackler investment firm.” A March 7, 2020 Wall Street Journal article stated that “an entity called Kokino LLC invests the wealth of Jonathan Sackler and Kokino’s employees.” The WSJ also notes that “Kokino operates out of the same building in Stamford that houses Purdue’s headquarters, along with other investment firms with connections to the Sacklers.” Piton Capital shares the same address as Kokino LLC and Purdue Pharma. Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report. Hundreds of the lawsuits also name family members. 24/7 coverage of breaking news and live events. He was the son of Raymond Sackler, one the brothers who bought drug company Purdue Frederick in 1952, and served as an executive and board member for the company that was later renamed Purdue Pharma. Gulf Island Fabrication executives defended taking the loan on a recent earnings call, claiming the corporation needs to maintain a “strong balance sheet” to remain successful and maintain customer confidence. The Stamford, Connecticut building that is home to Purdue Pharma’s headquarters and Kokino LLC (Image: Wikipedia Commons). A number of hedge funds have broken with the Sacklers and Kokino LLC, returning the family’s investment funds. Kokino LLC, which the Wall Street Journal has called “a private Sackler investment firm” and the Stamford Advocate has described as “the family office of Purdue [Pharma] co-owner Jonathan Sackler,” controls nearly a 12% stake, and has a representative on the board of directors, of Gulf Island Fabrication, a Houston-based producer and servicer of offshore oil rigs, ships, pipelines, and other complex steel structures used by the energy and petrochemical industries. As of 2016, the Sacklers were worth $13 billion, making them one of the richest families in the U.S. Last August, Bloomberg estimated that, after settling the lawsuits they now face, the family would likely be worth around $1.5 billion. The CW-TV series “Roswell, New Mexico” will return to the state it's named after to film its third season. In its most recent report to the SEC on its holdings in publicly-traded companies, filed in November 2019, Kokino also reported holdings in Amtech Group, Argan Inc, Autoweb, Evolving Systems, Hill International, and INTL FCStone. On May 8, members of the U.S. House coronavirus oversight committee wrote to Gulf Island Fabrication CEO Richard W. Heo demanding the company “immediately return the Paycheck Protection Program (PPP) loan it obtained so that these funds may be used to support truly small businesses that are struggling to survive during the coronavirus crisis.” Noting Gulf Island Fabrication’s “over 900 employees” and revenue of “more than $300 million in 2019,” the letter stated that “[w]e did not intend for these funds to be used by large corporations that have a substantial investor base and access to capital markets.”.


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